10:1 & 5:1 Stock Splits To Watch Out Next Week: 2 NBFC Stocks Splitting In 8 Days; Do You Own Any?

Two NBFC stocks are prepping to split into 5:1 and 10:1 ratio. The stocks ranged from Rs 130 to Rs 1,500 and are trading on both BSE and NSE. In general terms, stock splits mean the sub-division of existing equity shares into a ratio decided by the respective listed companies for a host of reasons. One of the major reasons for stock splits is to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.

These two NBFCs are Share India Securities who is a smallcap and Avonmore Capital who is a penny stock.

1. Share India Securities Stock Split:

On June 20, the stock ended at Rs 1509.15 apiece, marginally down on BSE with market cap of Rs 5,928.65 crore. The stock's 52-week high and low is at Rs 2,039.95 and Rs 1,163.45 respectively.

As per BSE, the stock's PE ratio is low at 19.03x, and return on equity is healthy at 20.78%.

Share India Securities Limited provides a multitude of services. With their help Share India can cater to the specific needs of every unique Indian citizen may it be short-term trading or investing for the long run.

This smallcap company is set to carry stock split of 5:1 ratio meaning sub-division of every 1 (one) equity share of the face value of Rs. 10/- (Rupees Ten only)
each into 5 (five) equity shares of the face value of Rs. 2/- (Rupees Two only) each. The record date is fixed on June 27, 2024 to determine eligible shareholders for the same.

2. Avonmore Capital & Management Services Stock Split:

This is a penny stock trading below Rs 150 levels. On June 20, the stock ended at Rs 130.50 apiece, broadly flat on BSE with market cap of Rs 304.76 crore. The stock is near its 52-week high of Rs 140.70 apiece, and has more than doubled from 52-week low of Rs 65.15 apiece.

However, the PE ratio and RoE of this stock is negative at 802% and 0.33% respectively.

Avonmore has fixed "Friday, June 28, 2024" as the "Record Date" for the purpose of sub-division/ split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paidup, be sub-divided/split into 10 (Ten) equity shares having face value of Re.1 /- (Rupee One Only) each, fully paid- up, ranking pari- passu in all respects.

The stock split ratio is at 10:1 accordingly.

Incorporated in 1992, Avonmore plans to identify and invest in businesses that can grow over long time horizons and produce long-term value. This help to enhance Shareholders' and Employees' Wealth while keeping Nations' Interest on priority.

The company specialises in identifying scalable business models, create an execution-ready plan, invest its resources, monitor and implement the strategy and finally exit the business at a formidable value at an appropriate time.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.